In a desperately needed move this week, President Donald Trump fired Rohit Chopra, director of the Consumer Financial Protection Board (CFPB), and installed Treasury Secretary Scott Bessent as acting director.

The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other financial firms.

In an email sent from acting director Scott Bessent, employees were told to pause all work related to issuing rules, enforcing regulations on rules that are not yet effective but approved, conducting investigations, and providing communications to the public, according to The Washington Post.